YOYOW --- a Graphene based UGC platform --- is coming

Who we are?

YOYOW is a Graphene based DAC for User Generated Content(UGC) , it will focus on Chinese market at the first stage.
Core team members are:

Newtree(baicai):
Founder, he is also the founder of hellobts.com, and managing the biggest bitshares QQ group and wechat group, a very innovative social media frontier.

Jerry Liu(bitcrab):
Co-founder, he is also the founder of transwiser.com, committee member of Bitshares and famous blockchain investor in China.

Necklace(xn-delegate):
Co-founder, he is also the R&D manager of YOYOW, a very experience Bitshares developer, the developer of bts-go,bts-go is a smartphone Bitshares wallet. He is maintaining the witness xn-delegate.

Xiaoshan(jademont):
Co-founder, he is also the moderator of Chinese sub forum on bitsharestalk.org and administrator of btsabc.org, plus, he is the local ambassador of openledger in China.

Callmeluc:
Co-founder, he is maintaining the witness.still, a long time Bitshares supporters since very early stage.

WenZhe Lv(vianull):
PhD, UI and plug-ins developer

Yuejiao:
Spokesman，Evangelist

Besides,

we have three more developers and many more marketing people that were not involved in Bitshares or has just entered blockchain industry recently.

In addition, many famous guys from Chinese Bitshares community, have also supported us either as investors or advisers, for example,Alt(baozi):
Founder of btsbots.com, long-standing Bitshares participantAbit:
Very talented developer of both bitshares and steemBo Shen:
Fenbushi Capital's Managing Partner, co-founder of BitsharesEric Gu:
Co-founder of Metaverse and szzc exchangeChandler Guo:
Angel investor and adviser in Bitcoin startups Bitangel including Btc123 Bitbank Bw Bither okcoin huobi LTC ETC Qtum Metaverse.

As you can see, YOYOW is actually a product that unites most of the core players of Bitshares in China, and we believe that YOYOW will absolutely add much value to Bitshares too, at least it will be the propaganda front of Bitshares to the whole cryptocurrency community.

So, what is YOYOW exactly?

Although there will be many similar features between Steemit and YOYOW as both of which uses Graphene bottom layer, YOYOW is not a Chinese version steemit, YOYOW has its independent blockchain and its vision is far more than steemit. The biggest difference is that steemit intends to be a social media platform, but YOYOW wants to be a platform for other social media platform.

I don't want to release too much details today, because the testnet is not yet online, and many features are still under discussion. I just want to say that, steemit is excellent, but YOYOW know Chinese better. Just like uber is beaten by didi, amazon is beaten by taobao, paypal is beaten by alipay, telegram is beaten by QQ&wechat, in one word, Chinese knows Chinese better.

Some basic features of YOYOW:
All text content such as articles, urls are storage on the yoyow blockchain, multi-media content such as images, videos will be storage on InterPlanetary File System (IPFS) network. The underlying architecture used by yoyow blockchain is Graphene that provides lightning fast confirmation speed which is essential to a blockchain-based content platform.

yoyow has a system called "Council".The members of Council are elected by stakeholders of the platform. Except for generating blocks, etc. the Council also has the right of hiding content from the blockchain if the content violates the law. BUT the right can only be used when majority is reached in the Council.
PoF (proof of flow)
For any kind of social media platform and website, its value is always about website traffic. Platform carry information users needed. Traffic brings advertisement and profits to platform. So we believe user's value to the platform can be evaluated by how many effective traffic users brings to the yoyow platform, and at the same time, yoyow gives rewards to users that creating useful content which attract more traffic to the yoyow platform.

Yoyow Crowdsale ICO Plan

Since there will be no English version at the first a few months, there was no marketing activities in English. That's why Iwe make this announcement just two days before the ICO. The main purpose of this announcement is to let the English Bitshares community know what we are doing. Though we indeed get a few reports in English media.

Token Details
Token supply: 1 billion
Distributed in ICO token sale: 300 million
Reserved for future development: 100 million
Development funds: 300 million
Promotion and third-party developer funds: 300 million
Annual inflation rate: First year no more than 10%, then the inflation rate will decrease year by year.

By the time I post this article, I have heard that the tokens distributed to btc9.com have nearly been sold out in forms of "reservation", even there are two days left before the official crowdsale starts, you can know how popular YOYOW is in China.

For those who want to get some YOYOW, go on BitShares DEX: https://bitshares.org/wallet/#/market/YOYOW_CNY .
You will need some CNY since YOYOW can only be bought with CNY. Look for BitCNY in the Dex. It's a Market Peg Asset. You can easily buy some BitCNY in the DEX. That's where you will discover the power of some Bitshares unique features (PMA, UIA). I will suggest u download Bitshares Dex because it would be easy to buy BitCNY with BTC in few minutes from Blocktrades. When u have BitCNY, you can then buy YOYOW.

Thanks for your question. The inappropriate content will be downvoted by shareholders and therefore not displayed on the UI side.
30% is for the first stage, among the rest 70%, only 30% belongs to team, while the others are reserved for third party platforms.

Wow! I really look forward to see the results of your project coming up into form and hitting the populace. I'll be keeping an eye on your future post. Good luck on your mission, all for one and one for all! Namaste :)

Oh wow! Great team for great product. I agree 100% not to try to be a steemit clone "... Chinese knows Chinese Better" Well said. I support the vision on building products/services that understand a market well and response to his need. Since it's planning to be a platform for other social networks, u will probably benefit from the upcoming EOS Project due to high level capacity the platform will bring to the market. Congratulation guys. Upgrade & follows.

Hi, I'm living in Europe and I sadly don't smeak chinese. What would you advise to be sure to be able to buy some of your token ICO ? I'm worry about the time confirmation with BTC.
Through Bitshares DEX BitCNY pair ? Will this way allow me to buy the first round and have the better price ?

Thank you for introducing the word ERC20 to me. After I researched, I am afraid YOYOW will not be an ERC20 token. As it is not based on Eth, it is based on Graphene, it is Bitshaers like. Though I am not sure I understand ERC20 correctly.

At the same time, creating a new localized website, building a community around it, doing marketing and creating custom features for the local market is a lot of work. What would be their incentive to do it if it was only to make Steem whales richer? Steem is free software now, and so are Bitshares and Graphene. Let's not act entitled. We will benefit indirectly from the increased awareness of Bitshares, Graphene and Steemit in China. That's already good.

At the same time, creating a new localized website, building a community around it, doing marketing and creating custom features for the local market is a lot of work

Funny other people seem to be doing it without building a new blockchain - I thought it was a bad idea when Golos did it and it has certainly not improved. People can get paid via Steem or they could make a separate token like Zappl and some of the other projects are doing whilst basing the actual platform on Steem.

What would be their incentive to do it if it was only to make Steem whales richer? Steem is free software now, and so are Bitshares and Graphene. Let's not act entitled.

It's not acting entitled and I resent that statement - I honestly expected better from you.

You know exactly what I am saying but it is obvious you have a vested interested in it so are unwilling to admit the truth.

We will benefit indirectly from the increased awareness of Bitshares, Graphene and Steemit in China. That's already good.

Maybe, maybe not. I've said my piece and time will tell if I was right or not.